Archive for September, 2010

Mortgage lending falls once more

Thursday, September 30th, 2010

Mortgage lending falls once more
August mortgage lending figures hit 16-month low as home buyers stay away despite additional properties on market Mortgage lending fell again in August with the lowest number of new mortgages offered this year, figures showed today. The number of mortgages approved for house purchase dropped to 31,767 during the month, down on July’s 34,219 and a 16-month low, according to data from the British …

UK house prices slide as banks reject first-time buyers
UK house prices fell to their lowest level for 15 months in August, a survey published today reveals, as the number of potential buyers continues to be limited by a shortage of mortgage finance. Related Stories Banks hit by record number of customer complaints Financial sector is still hurting Lego loses trademark battle Debenhams upbeat on sales despite price fears AIG nears deal to pay back …

Is it still worth talking to the middle men?
Unearthing the best mortgage deals is tougher than ever with the Council of Mortgage Lenders revealing last week that levels of home loans are at a 10-year low.

Mortgage lending slides, but car production leaps

Thursday, September 30th, 2010

Mortgage lending slides, but car production leaps
The number of mortgages approved for house purchase have fallen by 7%, but there has been a 37% jump in UK car production.

UK mortgage approvals lowest since April 2009
August figures suggest market to stay weak for some time. 23 Sep 2010 7:26 PM

Consumers repaying unsecured debt
UK consumers repaid more unsecured debt than they took out in new loans in August, reflecting a safety-first approach to credit.

UK mortgage lending plunges

Tuesday, September 28th, 2010

UK mortgage lending plunges
Mortgage lending dived sharply in July as activity in the housing market remained subdued, figures showed today. Related Stories Gurkha regiment may be axed in MoD cuts MoD budget cuts ‘threaten Gurkhas’ Union slams BA disciplinary cases UK mortgage lending plunges to £86 million False safety check rail worker sacked

Bled dry by the banks: UK mortgages worst value in the world
The difference between what British banks pay for funds and what they charge homeowners is more than twice that in the U.S., France or Germany.

UK mortgage approvals lowest since April 2009
August figures suggest market to stay weak for some time. 23 Sep 2010 7:26 PM